German media team briefed about investment in Pakistan

LAHORE (APP) - Federal Minister for Investment, Senator Waqar Ahmed Khan has said that Pakistan is a land of opportunities for investment. He was talking to a four-member German media delegation, who called on him at his residence, Gulzar House, here on Tuesday morning. The minister briefed the foreign delegates about the investment environment in Pakistan, incentive packages and tax incentives for investors in the country's commercial zones, investor security and the overall law and order situation. Observing that Pakistan offers a most conducive environment for local and foreign investors, he said: "While the global economy is faced with some recession, there is no slow-down in the projects of the country, and no fluctuation witnessed in the growth and return of these projects". About Pakistan's priority sectors for foreign investment, he said, "We want you to bring investment in the oil and gas, the hotel industry, food, agriculture and energy sectors, and we are also looking for the latest technologies being employed in all sectors". Waqar Ahmed told the delegates that a special task force headed by State Minister for Interior is being constituted to ensure provision of foolproof security to investors. He said that President Asif Ali Zardari is committed to ensure political stability in Pakistan so as to attract maximum foreign investment, which is among government's priorities. The government is making all efforts to ensure progress, welfare and prosperity of the common man, he added. The German delegates appreciated Pakistan government initiatives for ensuring incentives and security to foreign investors.